Stock market nosedive doesn't scare the CIA. What they know that we don't:
https://www.kenklippenstein.com/p/stock-market-nosedive-doesnt-bother
https://www.kenklippenstein.com/p/stock-market-nosedive-doesnt-bother
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Also this was his portfolio under Biden. It says nothing about how he is reacting to Trumpβs chaos.
The strongest reason I can give why stocks would go up is a soverign debt crisis. Then it's buying stocks, not so much to profit, but to possible reduce losses.
Even up to the point of taking holdings out of street name.